Applied Industrial Technologies, Inc. $AIT Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp cut its position in shares of Applied Industrial Technologies, Inc. (NYSE:AIT) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 503,977 shares of the industrial products company’s stock after selling 4,143 shares during the quarter. Applied Industrial Technologies accounts for about 1.0% of Boston Trust Walden Corp’s investment portfolio, making the stock its 17th largest holding. Boston Trust Walden Corp’s holdings in Applied Industrial Technologies were worth $131,563,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its holdings in shares of Applied Industrial Technologies by 27.9% in the 1st quarter. Alyeska Investment Group L.P. now owns 602,798 shares of the industrial products company’s stock valued at $135,835,000 after buying an additional 131,465 shares during the period. Norges Bank bought a new position in Applied Industrial Technologies in the second quarter worth about $107,228,000. Alliancebernstein L.P. boosted its stake in Applied Industrial Technologies by 452.6% in the first quarter. Alliancebernstein L.P. now owns 436,565 shares of the industrial products company’s stock valued at $98,376,000 after acquiring an additional 357,568 shares during the period. Royal London Asset Management Ltd. boosted its stake in Applied Industrial Technologies by 69.2% in the second quarter. Royal London Asset Management Ltd. now owns 393,743 shares of the industrial products company’s stock valued at $91,526,000 after acquiring an additional 161,048 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Applied Industrial Technologies by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 381,187 shares of the industrial products company’s stock valued at $85,897,000 after purchasing an additional 14,926 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Mizuho set a $305.00 price objective on Applied Industrial Technologies in a research report on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Applied Industrial Technologies in a research report on Monday, December 22nd. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $287.50.

Applied Industrial Technologies Price Performance

Shares of AIT opened at $264.81 on Monday. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 2.71 and a beta of 0.85. The stock’s fifty day moving average is $256.71 and its 200-day moving average is $256.29. Applied Industrial Technologies, Inc. has a one year low of $199.96 and a one year high of $280.95. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.50 and a current ratio of 3.55.

Applied Industrial Technologies (NYSE:AIT) last released its earnings results on Tuesday, October 28th. The industrial products company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.47 by $0.16. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Applied Industrial Technologies had a net margin of 8.61% and a return on equity of 21.86%. Applied Industrial Technologies’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned $2.36 EPS. Applied Industrial Technologies has set its FY 2026 guidance at 10.100-10.850 EPS. Equities analysts anticipate that Applied Industrial Technologies, Inc. will post 9.9 EPS for the current year.

Applied Industrial Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, November 14th. Applied Industrial Technologies’s dividend payout ratio is 17.71%.

Applied Industrial Technologies Company Profile

Applied Industrial Technologies, listed on the New York Stock Exchange under the symbol AIT, is a leading distributor of industrial products and services. The company offers a comprehensive range of bearings, power transmission components, fluid power products, industrial rubber products, and automation solutions. Through its network of distribution centers and branch locations, Applied Industrial Technologies serves diverse end markets including manufacturing, oil and gas, mining, food and beverage, and wastewater treatment.

Founded in 1923 and headquartered in Cleveland, Ohio, Applied Industrial Technologies has grown through a combination of organic expansion and strategic acquisitions.